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₹1.10 trillion, was now controlled by the state. How are these two events connected? Finance Commissions and their work might seem remote from the concerns of most citizens, but in fact they are highly contentious. Most of the controversy centres around how taxes are shared with states, and how certain types of taxes, such as surcharges and cesses, are kept out of the shareable tax pool.

Rolls-Royce Plc has formalized a pivotal seven-year agreement with Azad Engineering, based in Hyderabad, aimed at the production and supply of intricate components crucial for its defense aircraft engines. Azad Engineering's disclosure to the bourses on Monday underscored the strategic significance of this collaboration, positioning the company within the global supply chain for the intricate components essential to Rolls-Royce’s cutting-edge aero engines. Expanding Global Footprint: Under the seven-year commitment, Azad Engineering will play a key role in manufacturing and supplying critical engine parts designed for Rolls-Royce’s defense and military aircraft engines.

While societal acceptance of such relationships has increased, at least in metros and tier 1 cities, they continue to be beset with several legal and financial issues. Though living together is not considered illegal or a criminal offence, there are no specific laws governing such relationships and the couples do not enjoy the same legal and financial rights as married couples. Over the years, however, several Supreme Court rulings have accorded legal protection to the relationship based on a loose definition of cohabitation. “Live-in relationships have legal validity, though India does not have a dedicated statute for these and it is only governed to a limited extent by judgments of the Supreme Court,” says Rohan Mahajan, Founder and CEO of LawRato.com. Such couples face several challenges because most financial and government institutions recognise only married couples and blood relatives for legal transactions. Inheritance rights, joint tax benefits and health insurance coverage can be tricky, while long-term financial planning for goals like retirement and buying property can be complicated. Overcoming these requires careful financial planning and legal documentation to ensure stability and security in the long run. Joint financial products

alternative investment funds (AIFs) in India have turned down 'early exit' requests from banks and finance companies, and are now exploring ways to deal with these investors as they default on 'capital calls' from funds. Will AIFs impose a penalty on banks and non-banking finance companies (NBFCs) which, following the Reserve Bank of India's recent dos and don'ts, fall short of their original commitments to the funds? Will a fund forfeit the amount already invested? Or, will funds simply cap the investment with contributions made so far, make an exception for banks and NBFCs caught in the new regulations, and move on to preserve relationships with these large investors? While the third appears more likely, it could all depend on each fund and multiple factors: the size of commitments by affected investors, how aggressive a stance a fund manager takes, and whether the absence of future drawdowns could unsettle a fund's investment plan and dynamics. A bank or NBFC which stops contributing can be technically categorised as 'defaulter', but a fund may think twice before doing it, said AIF circles who, however, were unanimous on the denial of early redemption to select investors. According to Tejesh Chitlangi, senior partner at the law firm, IC Universal Legal, «The Category I and II AIFs in which RBI's governed Regulated Entities (REs) primarily invest, are all closed-ended funds with investors not permitted preferential redemption rights in terms of SEBI AIF Regulations.

India matches the international standards, they said. «The long-term plans are comprehensive and strategically aligned to national priorities, including initiatives such as Make in India, green hydrogen, drones, semiconductors, smart mobility, electronics, defence and space,» a senior government official told ET. «Besides, the government is putting in place a robust quality assurance mechanism to ensure that skill development initiatives meet international benchmarks.»

Centralized crypto exchange OKX said on Friday that it will soon shut down its Mining Pool and related services due to business adjustments.

The Manglam Group on Thursday announced the launch of Manglam Signature Elite. Situated at the prestigious Narayan Singh Circle in Jaipur, Rajasthan, with seamless connectivity to all city roads and essential facilities, this retail-cum-commercial project offers spaces for premium corporate offices and showrooms.

Wall Street firms in Asia dropped to the lowest level in almost two decades, according to people familiar with the matter, as a dearth of deals in China and Hong Kong hammered the industry. Total compensation for many senior bankers in Asia ex-Japan fell to $700,000 to $800,000, well below the $1 million or more they have typically earned since the turn of the millennium, the people said, asking not to be identified discussing private matters. At least 20 percent of managing directors at banks including Morgan Stanley and UBS Group AG, received no bonuses last year, the people said.

Startup India began on 16 January 2016, and by 2018, claimed itself as a huge success for having reached an arbitrary mark of 10,000 firms registered under it. But then, that was a public-relations byte. Eight years on, the jury is still out.

Night Swim which made its debut in the theatres on January 5, 2024, has generated a lot of buzz with its interesting plot and uncanny twists. Based on a short film with a similar name by Rod Blackhurst and Bryce McQuire, the supernatural horror drama film is centered around a former baseball player, who moved into a new home with his children and wife only to learn that the swimming pool is ghostly. McGuire has written and directed Night Swim, and is famously known for his work on short films such as Soon You Will Be Gone, Every House is Haunted, Possibly Eaten. The producers of the film are Jason Blum and James Wan, who earlier partnered on the Insidious film series.

Bank of America is cutting jobs.Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp ofbonus announcements, which are due this Friday. 

Attention, tech aficionados and crypto wizards! Prepare to be dazzled as we delve into the nitty-gritty of CAGA Crypto’s latest whitepaper. This isn’t just another blockchain project; it’s a groundbreaking leap into the future of Web3, engineered with precision, innovation, and a touch of genius.

BlockDAG (BDAG) and its X-Series mining machines for crypto mining. It’s not inaccurate to view crypto mining as a digital gold rush, except instead of using pickaxes and pans, you get your device to solve complex math problems. When you solve the problem, new crypto coins are created.

China's renowned entrepreneur, Jack Ma, co-founder of Alibaba (NYSE:BABA), has been actively purchasing shares in the tech giant, according to the New York Times.

MUMBAI : Companies, both IT and non-IT, are grappling with one another to dip into the same cohort of skilled IT employees, leading to a talent gap that India Inc. is struggling to fill.

₹46,000 crore in premium collections transform into one with 57 mostly-private insurers today with ₹9 trillion in premiums. Our insurance penetration is at 4.2% of GDP in 2021-22, low compared to 7% globally. Certain risks remain un-insurable or insurable at prohibitive premiums, while cyber and data breach risks are inadequately addressed.

Hire Dedicated Developers in USA that are talented, on-time and work dedicatedly for you. To ease your search, we would recommend hiring developers from Sapphire Software Solutions to work on your project. They also have a pool of dedicated developers who are well-vetted and available as per your project requirement.

Ripple Labs is under the SEC’s microscope, and this has got investors buzzing about alternatives, especially Solana and Borroe Finance ($ROE). Let’s dive into the details.

₹10,000 crore from the auctions that it plans to hold by the end of FY24, the officials cited above said, which will be a fraction of the record ₹1.5 trillion raised in 2022 when the government sold 72,097.85 MHz in the first-ever sale of 5G airwaves. Telcos may refrain from buying fresh airwaves, and may focus on renewing licences expiring between February and August this year, the officials said on the condition of anonymity. “In the last auction where 5G spectrum was put on sale, more than 100 MHz (units) of spectrum was given out to Airtel and Jio.

Followers of Ethereum-based staking protocol Rocket Pool’s X account have over the past 24 hours found themselves caught in a web of confusion. Hackers took control of the account and used it to spread misleading information about a supposed smart contract breach.

The MNCs are also moving an increasing number of global and senior-level roles to the GCCs in India. This is prompting them to woo top talent by paying higher than the compensation offered by many in the technology industry including products, services and tech-enabled startups (barring a handful of large IT firms), they said.